Shares of retailers and other consumer companies slipped as investors braced for a slowdown in retail sales, even as demand for online shopping continues to surge.
United Parcel Service imposed shipping restrictions on six large retailers including Gap, Nike and L.L. Bean this week, an early sign that the pandemic-fueled online shopping season is stretching delivery networks to their limits.
Canada's Garda World Security increased its offer for rival security firm G4S PLC by 24%, valuing the London-listed rival at roughly $4.94 billion.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-02-20 1658ET
